SQ Properties LLC Acquires Student Housing In Springfield, MO For $25.7M
SOLD
$25,700,000
Missouri
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SOLD
SQ Properties LLC Acquires Student Housing In Springfield, MO For $25.7M
430 East Walnut Street, Springfield, Missouri 65806, United States
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Summary
MISSOURI
Transaction Type:Sale
430 E. Walnut Street in Springfield, MO has been sold in a transaction worth $25,700,000. The property is a student housing asset, located in the Springfield market.
Summary of transaction details:
- Property Type: Student Housing
- Transaction Amount: $25,700,000
- Date: 06/24/2022
- Address: 430 E. Walnut Street
SQ Properties LLC has acquired the property from Walnut Development Properties. Sean Lyons, Ken Wellar, and Douglas Sitt from Rittenhouse Realty Advisors represented the buyer in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,370,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$91,306.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$121,831.11
Annual Debt Service$1,461,973.34
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